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This site provides extensive information about the ranges of Edmond de Rothschild Group funds. In particular, it provides simplified access to key fund-related data (performance, net asset values, features) and their commercial or legal documents.

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The identity of the managers presented in this document may change during the life of the product.

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Investment objective

The Sub-Fund follows a clearly defined strategy for the placement of assets based on controlling the portfolio's risk from annual volatility. Purchase and sale decisions are based upon directional quantitative systems over the medium term. The investment of assets is adjusted to the prevailing market conditions and has the objective of not exceeding a mean annual volatility of 5%. This objective does not constitute a guarantee of any sort that the mean annual volatility will never exceed 5%.

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Commentary 31/10/2018

For the second time this year, equity markets dropped sharply in October, with most equity indices deepening their losses since the beginning of the year. In Europe, the Euro Stoxx index closed 6% down over the month, and all European equity indices are in negative territory. Japan's index has now lost all its 2018 gains. The S&P posted a drop of nearly 10% off its year's high. The catalysts driving this correction have been multiple: Firstly, economic data in the euro zone has been running below investors' expectations. Next, concerns over Italy have impacted the markets, with the Italian government intending to increase its budget deficit beyond the level authorised by the European Commission. The spread on Italian bonds against German bunds has accordingly widened to its highest level since 2014. Across the Atlantic, geopolitical tensions persist and continued hikes in US interest rates are creating a sense of risk aversion, as investors fear such high rates could damage the national economy. Equity exposure, which contributed positively to the portfolio's performance in previous months, has impacted QuAM 5's results this month. In order to limit the impact of this sharp market correction, the portfolio has been significantly divested. Also, its bond bias has been reduced, maintaining only a limited exposure to high-yield bonds and aggregates. These divestments were made in preference for money market funds, with more than half the QuAM 5 portfolio invested in non-risky assets by the end of the period.

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Change in NAV

You are about to download the historical data for a portfolio. Please note that past performance is not an indication of future performance and it may vary over time. They may be affected, for example, by changes in exchange rates

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Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Performance D-EUR

Cumulative

Annualised

–

–

–

–

–

–

-5.93 %

–

–

–

-1.84 %

–

–

–

0.02 %

–

Since inception

20.49 %

–

1.49 %

–

Since 01/01/2018

1 year*

3 years*

5 years*

Since inception

Cumulative

Share class (D-EUR)

Benchmark

–

–

–

–

–

–

–

–

20.49 %

–

Annualised

Share class (D-EUR)

Benchmark

–

-5.93 %

–

-1.84 %

–

0.02 %

–

1.49 %

–

*Rolling periods

Annual performance

Net dividends reinvested Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Statistics

Volatility

Max. drawdown

Share class D-EUR

Benchmark

Share class D-EUR

Benchmark

1 Year*

3.87 %

–

-7.71 %

–

3 Year *

2.64 %

–

-7.71 %

–

Max. monthly gain Since inception

2.79 %

Max. monthly loss Since inception

-3.28 %

Share class D-EUR

Benchmark

1 Year*

3 Year *

1 Year*

3 Year *

Volatility

3.87 %

2.64 %

–

–

Tracking Error

–

–

–

–

Max. monthly loss

-3.28 %

–

Max. monthly gain

2.79 %

–

Max. drawdown

-7.71 %

-7.71 %

–

–

Past performance and volatility does not guarantee future performance and volatility which may change over time, and can be affected by fluctuating exchange rates. Performance data does not take into account the fees and charges received when issuing and redeeming units.

Fund information

Inception Date (Fund)

04/11/2003

Inception Date (Part)

17/04/2006

Legal form

SICAV

Benchmark

Currency (fund)

EUR

Currency (share class)

EUR

Distribution Policy

Accumulation

Valuation frequency

Daily

Minimum initial investment

1000000.00 EUR

PEA eligible

ISIN Code

LU1005539025

AuM (fund)

157 M (EUR)

Regulatory authority

CSSF

EU Regulation

UCITS

Management company

Edmond de Rothschild Asset Management (Luxembourg)

Delegated Management Company

Edmond de Rothschild Asset Management (Suisse) S.A

Incorporation

Luxembourg

Representative agent

Paying agent

Maximum management fee

0,750 %

Current management fee

0.750 %

Subscription and redemption conditions

Every day before 4.00 pm at the day’s NAV, calculated one day later

Subscription fee

Redemption fee

0.50 % max

Performance fee

15,000 %

Fund documentation

(1) The rating grades the funds on a scale from 1 to 7. This rating system is based on the average fluctuations of the net asset value over the past five years. It corresponds to the variation range of the portfolio upwards and downwards. If the net asset value is less than 5 years old, the rating is determined by other regulatory calculation methods. Historical data such as those used to calculate the rating may not be a reliable indication of the future risk profile. The current category is neither a guarantee nor an objective. Category 1 does not signify a risk-free investment.